From Labor Rationing to (Involuntary) Unemployment: A Conceptual Elucidation
AbstractThis article argues in favor of drawing a distinction between the concepts of labor rationing and unemployment. Labor rationing refers to the occurrence of excess supply in a given labor market and unemployment to the job searching activity. The former, it will be argued, is a necessary yet insufficient condition for the latter. Lucas' view that the involuntary unemployment concept is meaningless will be challenged. A series of concepts and definitions will be put forward to allow singling out of the conditions under which labor rationing can result in involuntary unemployment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Eastern Economic Association in its journal Eastern Economic Journal.
Volume (Year): 25 (1999)
Issue (Month): 3 (Summer)
Contact details of provider:
Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
Phone: (201) 684-7346
Web page: http://www.ramapo.edu/eea/journal.html
More information through EDIRC
Involuntary Unemployment; Supply; Unemployment;
Find related papers by JEL classification:
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Lasselle, Laurence S & Svizzero, Serge A, 2002.
" Involuntary Unemployment in Imperfectly Competitive General Equilibrium Models,"
Journal of Economic Surveys,
Wiley Blackwell, vol. 16(4), pages 487-507, September.
- Laurence Lasselle & Serge Svizzero, 2000. "Involuntary Unemployment in Imperfectly Competitive General Equilibrium Models," CRIEFF Discussion Papers 0008, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Michel, De Vroey, 2002.
"Lucas on Involuntary Unemployment,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
2003016, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross).
If references are entirely missing, you can add them using this form.